Appointment of a Swiss Auditor

Public companies and "large" private companies (i.e., companies exceeding certain thresholds in terms of turnover, balance sheet total or headcount) are required by law to have a full statutory audit by a specially qualified and, if applicable, regulated auditor.

Companies not qualifying as public or "large" private companies are required to have a so-called limited statutory audit by a qualified Swiss auditor. By unanimous consent the shareholders of such companies may, however, waive the requirement of having a limited statutory audit (so-called "opting-out"), provided that their total headcount does not exceed 10.

We do not offer audit services to our clients. However, we will facilitate and arrange the appointment of a Swiss auditor without extra charge if a client wishes us to do so.